The previous year turned out to be the wealthiest season for altcoins. As most of those had outperformed the most dominant asset Bitcoin. One such asset that amazed the crypto space with massive price spikes in Q1 was the FTX token. The FTX is built on the ERC-20 token and is a crypto derivatives exchange. It aims to provide institutional-grade solutions by offering futures, leveraged tokens, and Over Counter (OTC) trading.
The recent dispute between Binance and FTT has brought chaos to the market as the price of FTT is being dragged down sharply. Has a “FUD” situation in the market appeared? Binance wishes to sell all of its holdings on FTT Tokens BASED ON THEIR PRIOR EXPERIENCE. Earlier this year, Terra (LUNA) collapsed, so Binance wants to be prepared this time with FTT tokens. Will FTT face the same faith as Terra LUNA? Or will it be able to successfully regain the trust of investors and the market in the upcoming days?
Are you one of the many investors, who have been trying to analyze the situation and understand the future of this crypto? Buckle up your belts, as this write-up covers the possible future of the company and coin in the market.
Table of contents
Market Top Gainer
|Circulating Supply.||133,025,776.66 FTT|
|All-time high.||$85.02 on September 9th, 2021.|
|All-time low.||$0.8313 on September 7th, 2019.|
*The statistics are from press time.
FTX Token (FTT) Price Prediction
FTX Token Price Prediction For November 2022
Amid the ongoing crises of FTT with Binance, the price has taken a hit in its value. The crypto dropped from $26.43 to $15.10 within the span of one week. According to the reports, the next 24 to 48 hours are said to be crucial for this listing, as the outcome of this situation is not certain. Will FTX (FTT) regain its price?
If the bearish run tends to continue, the value per coin may go as low as 18.627. However, if the bulls regain market share, the value per coin may not vary much as it may take time for FTT to come out of this affair. The price may go as high as $22.82, with a possible variation of 10%. This results in an average trading price of $20.7238.
FTX (FTT) Token Price Prediction For December 2022
This crypto has a volatile history. It has witnessed many bullish and bearish trends in the past but has managed to regain its strength every time. The token has outperformed its competitors and has made its stand in the market. If this crypto manages to do so again then the price may go as high as $31.4652
On the contrary, a market dump could result in the price finding support at $23.81. Considering the bullish and bearish targets, the average price could settle at $27.63. Will FTT be able to confirm its ATH at least next year?
FTX Crypto Price Forecast For 2023
The year will remain challenging as inflation fears might impact the market for the next two years. If it comes up with suitable upgrades inclined with a trend, the FTT price remains invulnerable to bears.
The asset would hit a maximum of $56.83 with a variation of 15% keeping the terror of inflation into consideration. However, if bears haunt the rally the altcoin would settle down around $28.71. Successively, a balance in trade activities could conclude the year at $42.77.
FTT Coin Price Forecast For 2024
If the crew behind the FTX token employs developmental and community-building initiatives. The altcoin could claim higher peaks amid Bitcoin’s halving event, which is also anticipated to happen in 2024. In such a case, the FTT price could propel to its potential high of $95.26.
On the downside, ebbing prominence and stiffer competition could clutch the price to $47.68. That being said, the absence of propelling initiatives might curb the price at regular levels of $71.47.
FTX Token (FTT) Price Prediction For 2025
while predicting the price for the long term, it is implicit in analyzing its historical footprints. And how it behaves when bears take control of the market. FTX Token has responded well enough to market fluctuations in the past. Collectively, this secure and fast network has the potential to reach $146.35 by the end of 2025.
If the coin fails to introduce new upgrades and regulatory constraints across different territories. This may result in a pullback of the price rally to $77.11. Considering all aspects, the altcoin could trade at an average price of $111.73.
CoinPedia’s FTX Token Price Prediction
Due to recent events, there is a huge downfall in the valuation of this crypto. Binance’s liquidation of FTT tokens has created chaos in the trading pattern and a possible FUD in the market. According to Coinpedia’s formulated FTT price prediction. The altcoin could recover itself from the situation and may smash $31.46 by the end of 2022.
On the contrary, market fluctuations and uncertain economic crises are spreading across the world. Even the failure of upgrades can be a possible setback for the altcoin. And thereby, the FTT price may drop to the strong support zone around $23.81 by the year-end. Considering all viewpoints, the average price of the token would be around $27.63 by the end of this year.
|Digital Coin Price||$25.79||$56.62||$77.93||$101.43|
*The aforementioned targets are the average targets set by the respective firms.
What Is FTX Token?
FTX is a crypto derivatives trading ecosystem that owns a native token termed FTT. The token can be utilized as collateral for futures trading, earning commissions on trading fees, getting Over-The-Counter rebates, and more.
The platform solves the existing problems associated with futures trading. On other exchanges present in the market, the collateral is divided across separate token wallets. However, FTX derivatives are stablecoin-settled and need only a universal margin wallet to limit future positions from getting liquidated.
Another exciting feature of the platform is leveraged tokens that enable investors to fill leveraged positions without any margin trading. For example. if the user wants to short ethereum
ethereum Blockchain NetworkTechnology Followers : 0 View profile with 5x leverage. They can simply purchase a 5x short Ethereum leveraged token on FTX.
FTX Trading is a digital currency exchange platform that allows users to trade cryptocurrency for other assets such as standard fiat money or other digital currencies. The platform allows selling and buying a variety of digital assets like Bitcoin, Ethereum, Solano, and Dogecoin with low trading fees. The company was founded by Sam Bankman Fried and Gary wang in the year 2019 and is headquartered in Nassau, New Providence, and The Bahamas. FTX manages FTX.US, a branch that specialized in exchanges that are available to US Citizens. The company offers industry-unique products, first-generation products, leverage tokens, and volatility products.
Providing market-leading liquidity from the top market manufacturers in the industry to the most forthcoming distribution. The company’s mission is to develop a digital currency ecosystem, provide a platform for US traders to inspire their loyalty, and become a market that will lead to the conversion of US cryptocurrencies over the next couple of years. The platform offers BTC, LTC, ETH, BCH, PAXG, AND USDT and has created a feature base more than any other major US company. The company has partnered with leading cryptocurrency companies that include Paradigm, Sequoia, Fenwick West, Proof of Capital, True USD, Paxos, and Circle.
FTX token was launched by sam bankman fried
sam bankman fried ceo at ftx Sam Bankman Fried is a successful American entrepreneur, angel investor, and billionaire with a remarkable history in the space of the cryptocurrency industry. Being the Founder and CEO of FTX, a leading cryptocurrency exchange he has played a key role in the revolutionization and development of the crypto space through his excellent experience and potency. Sam Bankman Fried is a native of Stanford, California, United States.
Ranked as 60th on the 2022 Forbes billionaires list incorporating a net worth of US$24 Billion. Began his career working at Jane Street Capital, a trading organization that trades international ETFs. Later, in 2017 he quit Jane Street and founded Alameda Research, a quantitative cryptocurrency trading organization established in October 2017. Bankman build an arbitrage trade, raising $25 Million every day, to take benefit from the higher price of Bitcoin in Japan in 2018.
After attending a cryptocurrency conference in 2018, in Macau, he got inspired by the concurrent crew of Bitcoin cash and built his firm, FTX according to July 2021 that averages $10 Billion of day-to-day trading volume with beyond 1 Million users that provides a policy of donating 1% of its revenue to charity. Bankman aims to support lawmakers who perform the vast game on policymaking in spaces like pandemic planning and preparedness. EntrepreneurChief Executive OfficerTrader Followers : 0 View profile and Gary Wang on May 8th, 2019. The founder completed his bachelor’s degree from the Massachusetts Institute of Technology. And gained experience at the Centre for Effective Altruism as director of development. Sam Bankman Fried is also the present CEO of the FTX network.
Gary Wang completed his graduation from the Massachusetts Institute of Technology in computer science and mathematics. The co-founder previously gained experience as a software engineer at google
google Tech & Design (Software)Information Technology Followers : 0 View profile . He currently works as chief technology officer at crypto derivatives exchange platform FTX.
alameda research Centralised Exchange Followers : 0 View profile Research owns the FTX network, which is one of the reputed institutes in cryptocurrency trading and enables large liquidity pools. The FTX platform is built by a dedicated team, who are experts in the relevant field.
Latest Updates on FTX
Binance has recently announced that they will be dumping $584 Million worth of FTT Tokens.
SBF claims FTX to be functioning normally, thanks all the investors and people for keeping their faith in his company and declares all the alligation to be false.
Historic Market Sentiments
The token made its first appearance in the listing in June 2019 with an initial offering price of $1.76. Not many changes in the chart were seen as the crypto was stable for the whole trading year. FTX achieved its $2 mark on the 20th of December. The closing trade price of the crypto for the year was $2.14.
The year was very stable, and constant fluctuation was observed in the chart. The price varied between $2 – $5 for the whole year. It reached a peak of $4.2 in mid-2020. The crypto achieved its $5 mark during the last trading month of the year and reached an ATH of $5.78 on new year’s eve.
FTX tokens were initiated in the year 2021 with a trading price of $5.82. As the bullish run took place, the crypto smashed all the records and reached an ATH of $61.25 by mid-May. A sudden bearish trend was observed in the trend, and the value of the coin was slashed by 60%, resulting in a trade value of $24.55 per buy.
During the 3rd quarter of the year, the value of this crypto skyrocketed to its all-time high on September 7, at an exchange value of $85.02 per coin. The last months of the trading year were volatile and were taken over by the bear market. The closing trade price of the crypto to $38 per buy.
Binance Wants to Be Safe. Earlier this year, Terra (LUNA) collapsed, so Binance wants to be prepared this time with FTT tokens.
Is FTX Token worth buying in 2022?
Yes, FTX Token also has the potential to be a profitable short-term investment.
The price of the digital asset is expected to hit a maximum of $31.46, by the end of 2022.
According to our FTX price prediction 2025, the altcoin could soar as high as $148.53, by the end of 2025.
It runs on the Ethereum blockchain. In 2021, FTT recorded strong and confident growth several times, hitting an all-time high.
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